Canada PMI

Canada: PMI moderates in July

August 7, 2015

The Ivey Purchasing Managers’ Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, fell a seasonally-adjusted 3.0, sliding from 55.9 in June to 52.9 in July. The figure came in above market expectations of an index value of 52.0. Despite the decrease, the volatile index remains above the 50-threshold that indicates expansion in the manufacturing sector.

FocusEconomics Consensus Forecast panelists see industrial production expanding 3.3% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects industrial production growth of 2.8%.

Author:Robert Hill, Economist

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Canada PMI Chart

Note: Ivey Purchasing Managers’ Index. A reading above 50 points indicates an expansion in the manufacturing sector while a value below 50 points indicates a contraction.Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.

The Ivey Purchasing Managers Index (PMI), prepared by the Richard Ivey School of Business, declined a seasonally-adjusted 2.6 points from November to 60.4 in December—coming in below the 62.2-point reading that market analysts had expected.